Thursday, October 25, 2018

Weekly Initial Unemployment Claims increased to 215,000

by Bill McBride on 10/25/2018 08:34:00 AM

The DOL reported:

In the week ending October 20, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 5,000 from the previous week's unrevised level of 210,000. The 4-week moving average was 211,750, unchanged from the previous week's unrevised average of 211,750.
emphasis added
The previous week was unrevised.

The following graph shows the 4-week moving average of weekly claims since 1971.

Click on graph for larger image.


The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims was unchanged at 211,750.

This was slightly higher than the consensus forecast. The low level of claims suggest few layoffs.